Jack if you are out there, please read this post.
The way I think warrants work...correct me if I'm wrong is that we have to PAY CVIA $3.00 and give them the warrant, then we get another share of CVIA. So if the price does manage to meander above the strike price, we have to Pay them more to get a share that we can hold or sell. In which case, if we all excersize the warrants, we will double the float and maybe keep our current % stake in the company until the next reg S hits... If the price never goes above $3.00 for any length of time, we shareholders are just as screwed as we are today.
Hmmm...this sounds very familiar to Patrick Charles...check this out.
etcindustries.com
The warrants are exercisable at$0.50 for a one year period
Go figure Jack, a little more than a year later, this wonder-stock has recently traded in the $0.08 range.
Some real questions/concerns...
Further, the previously announced Regulation S offering, completed in April, was a restricted offering with all funds earmarked for the closing of the WOTD deal only. . The funds from the April offering have not been released from escrow.
What about the previously UNANNOUNCED Reg S that you shoved down our throat while telling us it was a last resort ($1,000,000)? Will that be put in escrow as well? Whom is holding the escrow account? I would like to verify it exists.
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Corporate Vision, Inc. (OTC Bulletin Board: CVIAD - news) today announced that its Board of Directors has approved
Isn't Corp Vision, it's BOD and Jack all the same entity? ie... Jack announced that Jack has approved a warrant dividend...? Seems pretty silly to me.
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The business agreement between the Company and Western Oil and Tire Distributors, Inc. (WOTD) continues to progress.
Seems like Jack has come up with another catch phrase...
"continues to progress". He must have worn out the keys to the EVER POPULAR (in order of appearance)
...is nearly complete...
...is almost complete...
...announced progress...
Seems like we are going backwards from "Nearly Complete" to "Continues to Progress"
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Management remains confident that the WOTD deal is in the best interests of the Company and its shareholders.
Never mind that the shareholders demanded a proxy vote and was ignored by Management.
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So Jack, now that you announced more VAGUE statements not giving ANY REAL details like you said you would in the last PR..
Corporate Vision also announced the plan to compensate its shareholders because of the share consolidation is nearly complete with details soon to follow.
1. When will you tell us some actual details?
2. How many warrants per share?
3. Will warrants be tradeable?
4. Do we have to PAY you $3.00 again to get something that is
rightfully ours?
5. Do BOD and officers recieve warrants as well?
6. When will this death deal be done?
I can't believe it took you a week to come up with this BS PR.
Nuff ranting and raving for now. |
